This Stock Won't Hunt

Consider buying Cabela's puts on a bet that shares of the hunting and fishing retailer will decline on earnings news.

WHEN YOU PULL INTO ANY HUNTING CAMP, you'll usually find that most guys drive big, diesel pickup trucks that they've loaded with guns and gear and a finely trained dog.

Lately, however, hunters are selling their trucks as diesel fuel averages about $5 a gallon, and they're not replacing weathered gear as economic realities pressure disposable incomes. The stock price of Cabela's (ticker: CAB), the hunting and fishing retailer,...